Q1 – Arizona computers marks up merchandise by 25%.

1. If a laptop costs $500 how much would it sell for?
2. A desktop sells for $750, how much did it cost?
3. The company had total sales of $150,000 for the month. Calculate the Cost of Goods Sold and Gross Profit and Percent Margin.

4.  If a laptop costs $500 how much would it sell for?

Q2 – ArgCo Fine Handbags prices its product to give a 40% margin.

1. What rate of markup do they use?
2. If the company had profits of $600,000 what was their cost of goods sold?
3. If operating expenses are 5% of sales what is the net profit for part (b)?
4. The most recent shipment of bags had a cost of $270,000.  What was the selling price?

 

 

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